Hello traders and investors,
EURUSD is showing a nice falling wedge combined with a nice divergence in the MACD. This MACD divergence is already confirmed by the cross.
We can also see a high spin doji on the bottom which is can become a bullish signal at this area. In the horizontal line we can see this is a pretty strong support over here. Therefor we buy this pair with the giving stop loss. Our expectation is that price will retest the breached uptrend channel before any further movement occurs.
Good luck and don't forget to give us a thumb if you like our analysis!
Regards, ValescoTradingGroup
EURUSD is showing a nice falling wedge combined with a nice divergence in the MACD. This MACD divergence is already confirmed by the cross.
We can also see a high spin doji on the bottom which is can become a bullish signal at this area. In the horizontal line we can see this is a pretty strong support over here. Therefor we buy this pair with the giving stop loss. Our expectation is that price will retest the breached uptrend channel before any further movement occurs.
Good luck and don't forget to give us a thumb if you like our analysis!
Regards, ValescoTradingGroup
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